“The success shown by MTNCI over the holding period continues this trend and demonstrates the growth and resiliency of the sector.

“This is particularly true given the global financial crisis and the Ivorian political conflict, which both occurred during the investment holding period. For this, we congratulate the management team.”

ECP’s previous exit deals in the African mobile telecom sector included Celtel International, Telecel Faso, Orascom Telecom Algeria, and Sonatel. The firm is still invested in Cellcom, a mobile operator in Guinea and Liberia and Airtel Gabon.